Halal Food Market Scope
Halal food refers to food products meeting standards of Islamic dietary laws which restricts the slaughtering of animals. Growing Muslim population supplementing the growth of halal food market. For instance, in Indonesia Muslim Population is approximately 225 million, and over 172 million people in India are Muslims. Further, changing lifestyle standards and rising disposable income in low and middle-income countries driving the demand for halal food.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Al-Falah Halal Foods (Japan), Al Islami Foods (United Arab Emirates), QL Foods (Malaysia), Nestlé (Switzerland), Saffron Road Food (United States), Beijing Shunxin Agriculture (China), Allanasons Pvt. Ltd. (India), Prima Agri-Products (Malaysia), Hebei Kangyuan Halal Food Company (China), Nema Food Distribution Inc. (United States), Midamar Corporation (United States) and Namet Gida (Turkey) |
CAGR | 6.6% |
Numerous players are present in the market hence fragmented nature of the market. The increasing demand for halal food driving the halal food market. For instance, the Halal Guys restaurant in the United States famous halal food does the partnership with Postmates an American logistics company to for delivering halal food direct at customers place. Increasing demand from both Islamic and Non-Islamic countries boosting the demand for halal food. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Halal Food market throughout the predicted period.
Al-Falah Halal Foods (Japan), Al Islami Foods (United Arab Emirates), QL Foods (Malaysia), Nestlé (Switzerland), Saffron Road Food (United States), Beijing Shunxin Agriculture (China), Allanasons Pvt. Ltd. (India), Prima Agri-Products (Malaysia), Hebei Kangyuan Halal Food Company (China), Nema Food Distribution Inc. (United States), Midamar Corporation (United States) and Namet Gida (Turkey) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Pap Marketing Sdn Bhd (Malaysia), Arman Group of Xinjiang, Ltd. (China) and Kawan Foods (Malaysia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Halal Food market by Type , by Application (Restaurant, Hotel, Home and Others) and Region with country level break-up.
On the basis of geography, the market of Halal Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2021, Fraser and Neave Holdings Bhd's RM60 million acquisition of three food and beverage (F&B) companies under the flagship brand Sri Nona will strengthen F&N's new pillar of growth for halal food.
In March 2019, Midamar corporation halal food services in the United States, provides k-12 schools with hand slaughtered halal chicken products for lunch desired by Muslim parents. and 5th February 2019, New York University opens fully halal dining hall in accordance with Islamic dietary rules.
Influencing Trend:
Rising Meat Products Consuming Population and Government Initiatives towards Food Quality Certification Scheme
Market Growth Drivers:
Changing Consumer Perceptions Regarding Halal Food and Rise in Muslim Population Worldwide
Challenges:
Lack of Food Control Infrastructure in Emerging Countries and Increasing Prevalence of False Certification and Labeling For Halal Food
Restraints:
Lack of Unified Guidelines Regarding Halal Food across Globe and Stringent Government Regulations Regarding Food Safety & Control
Opportunities:
Increasing Demand of Halal Food from Emerging Markets Such As African, Asian, and Others and Rising Demand of Halal Food from Food Processing Industry
Key Target Audience
Halal Food Providers, Food Safety Agencies, Halal Food Traders, Distributors, and Suppliers, Halal Food Raw Material Suppliers, Government Organizations, Research Organizations and Consulting Firms, Trade Associations and Industry Bodies, Importers and Exporters of Halal Food and Others